Decidir onde alocar recursos é uma arte, contudo diagnóstico por meio da triangulação de dados é essencial. 1. Avalie o Impacto do Projeto O desenvolvimento de um novo produto, pode abrir novos mercados? 2. Avalie a Disponibilidade de Recursos Se a equipe está sobrecarregada, priorize projetos que demandem menos recursos, como melhorias incrementais; 3. Priorize a Flexibilidade Durante a pandemia, empresas de eventos redirecionaram recursos para plataformas virtuais, adaptando-se rapidamente às novas necessidades; Compare custos e benefícios esperados; Diversifique projetos para equilibrar riscos; Ajuste a alocação com base em feedback regular;

Resource allocation is critical: saying yes to 'x' means not doing 'y'. And yet, I see so many teams stuck at analysis paralysis. Even with small stuff. Not good. Most resource allocation decisions should be made with a bias towards action and experimentation. Try 'x' for a bit. Not working? Try 'y'. Repeat. I say "most decisions" because "big decisions" like a multi-annual contract should follow a more formal process of assessing impact, analyzing existing resources and prioritizing flexibility as the post suggests. My strategy is to empower the team to make resource decisions within clearly established parameters: set apart a piece of a budget or a project and let the team own it. Big decision? Bring an ally, or a leader if needed.

To balance ongoing projects with new ideas, I prioritize based on strategic alignment, impact, and feasibility. Core projects receive resources to ensure stability, while high-potential ideas that align with our goals are selectively funded. Regular reviews help us adjust allocations as priorities evolve, ensuring both stability and innovation.

Ongoing projects and innovative ideas have fundamentally different resource allocation processes (RAP). If you apply the same RAP to an innovative idea, it will inevitably fall through the cracks because the success cannot be measured according to the established business model. An innovative idea rests upon RAP that allows for multiple iterations of the business model until the product-market fit is found and the model can be repeated, allowing rapid product adoption. Whereas ongoing projects require RAP that would allow efficiency and scalability, ensuring each invested dollar is as efficient as possible. That's why many innovative ideas that originated from within often fail to be brought to market. Change your RAP is the asnwer.

1. Evaluate Impact & Strategic Fit: - Prioritize projects based on their alignment with business goals, expected ROI, and potential to drive growth or efficiency improvements, considering both the performance of ongoing work & the promise of new ideas 2. Risk-Reward Balance: - Assess the risks & rewards associated with each project, focusing on those with the best balance between potential benefits & manageable risks, alongside an evaluation of market trends & competitive advantage 3. Resource Availability & Flexibility: - Allocate resources based on current availability & the ability to adapt quickly to changes, ensuring ongoing projects remain supported while allowing for investment in innovative ideas with high growth potential

In an ideal situation, there should be enough resources for the innovative projects that make behemoth organizations what they are. But most of the time, the resources go to ongoing projects that keep all the stakeholders content. I would argue, that countries and companies that invested heavily in R&D are at the forefront of innovation. It is costly but necessary to have a culture of innovation that permeates throughout the company. Thus, benefiting the end users - the public, the businesses that rely on these innovations, and consumers.

Clear Goals: Ensure each project has defined objectives and aligns with the overall strategy. Risk Assessment: Evaluate potential risks and rewards associated with each project. Resource Allocation: Allocate resources based on priority, urgency, and potential impact. Agile Methodology: Use agile frameworks to adapt to changing priorities and optimize resource allocation. Regular Review: Continuously monitor progress and reallocate resources as needed.